TAL Research | Milton Maxwell

TAL

TAL Education Group

11.16

-0.07-0.62%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q3 '26

Growth moderates in H2 FY26

1/28/26Jan 28, 2026

Q&A flagged H2 FY2026 revenue growth moderation versus H1, citing higher bases and device business deceleration from launch timing shifts. Peiyou expansion stays disciplined, with Q3 growth purely from enrollments amid stable ASPs; management eyes gradual slowdown off tough comps. Devices posted volume gains and sub-RMB4,000 blended ASP but an adjusted operating loss during investment phase—Double 11 hit expectations amid fierce AI competition. Margins hit peaks from lower S&M, yet executives cautioned against extrapolating amid portfolio volatility. Devices remain unprofitable long-term play. Investors watch growth durability.

Key Stats

Market Cap

6.79B

P/E (TTM)

39.86

Basic EPS (TTM)

0.28

Dividend Yield

About

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It provides learning services primarily through small classes services; personalized premium services and online course offerings; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices. The company also operates www.xueersi.com, an online education platform; provides investment management and consulting services; develops and sells software and networks, as well as related consulting services; and sells educational materials and products. It offers its services under the Haoweilai and Think Academy brands. The company was founded in 2003 and is headquartered in Beijing, the People's Republic of China.

CEO

Mr. Bangxin Zhang

IPO

10/20/2010

Website

https://www.100tal.com

Employees

23,000

Sector

Consumer Defensive

Industry

Education & Training Services